Boiler Room: The Official Stock Market Discussion

Macallik86

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good job that they talk about more than "the [stock] market". and they were not wrong.

zirp, cheap money, QE + stock buybacks is irresponsible flagrantly and unsustainable smoke and mirrors "growth".
A broken clock is right twice a day but in what world are we giving out medals for a cohort that is right once every 12 years?

Just found an article FROM 2013 poking fun at how they were banging the same drum then as they are now. The markets ran up 200% since this 2013 article btw.
The first step to improving behaviour toxic to one’s own self interest is admit one has a problem. As an aid to help those who have difficulty in distinguishing “a bearish trade” from “the lead boots of anger and pessimism”, I’ve devised a little something I call the Zero-Hedge Test to determine more precisely whether readers objective realities are sufficiently paranoid, pessimistic, anti-social and rantingly angry to warrant more serious help.

Instructions: Circle the letter that best describes the adjacent image:


a. a glass of water
b. glass of water, half-empty
c. glass of water, half-full
d. glass of errrr ummm , Grey Goose vodka? (NB: ed. choice)
e. The US Government must have stolen half of a glass of water.


a. a bull market
b. an uptrend
c. a squiggly line
d. reflection of long-term (nominal) growth
e. an accident waiting to happen caused by insane, stupid, or insanely stupid people, or conspirators doing insane and stupid things that will end very very badly with the dystopian destruction of the civilized economy as we know it and reversion to an economic life of warlords and barter using nuggets of gold and silver as portrayed in that film with Kevin Costner, “The Postman”….

I started watching the markets in 2010/2011, and in retrospect, if I never came across perma-bear idiots like ZeroHedge or PIMCO's Mohamed El Erian, I'd would be hundreds of thousands of dollars richer as a more active participant of the greatest bull market run in history.

Just because we are in a bear market environment over a decade later, that doesn't negate that their terrible calls have been absolute shyt and that anyone who took them seriously over the last decade likely doesn't have the capital to participate in the down move we are currently having.
 

Macallik86

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Don't even get me started on their wiki
Zero Hedge (or ZeroHedge)Zero Hedge - Wikipedia is a far-right[13] libertarian[18] financial blog and news aggregator.[14][15][19] Zero Hedge, per its motto,[a] is bearish in its investment outlook and analysis, often deriving from its adherence to the Austrian School of economics and credit cycles.[23] While often labeled as a financial permabear,[24][25] Zero Hedge has also been described as a source of "cutting-edge news, rumors and gossip in the financial industry".[26]

Over time, Zero Hedge expanded into non-financial political content,[c] including conspiracy theories and fringe rhetoric[3][28] advancing radical right,[15][29] alt-right,[30][31][32] and pro-Russia positions.[1][33][34][35] Zero Hedge's non-financial commentary has led to multiple site bans by global social media platforms, although its 2019 Facebook ban[36][37] and 2020 Twitter ban were later reversed.[15][38]
How shytty of an actor do you have to be for Facebook to ban you, even temporarily?
giphy.gif
 

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A broken clock is right twice a day but in what world are we giving out medals for a cohort that is right once every 12 years?

Just found an article FROM 2013 poking fun at how they were banging the same drum then as they are now. The markets ran up 200% since this 2013 article btw.

1. which "markets" ran up? the stock market is way down the list of important markets.

2. the fact that "the markets can remain irrational longer than you can remain solvent" doesn't mean that they were wrong

3. "right once every 12 years"? seriously?

4. governments disposed of market orthodoxy and rewrote laws to maintain the status quo. this does not invalidate older assessments of market conditions it just kicks the can down the road. examples: zirp, state support of private banks, QE, MMT .. c'mon now.

it's 12 years "in the making" because the rule books were torn up wuth everything possible done to maintain the distorted economic status quo.

the lesson from 2008 is that top-dogs make the rules and can change them at will.

borrowing more and juggling credit-cards to stave off insolvency doesn't change the fundamentals of your position.


I started watching the markets in 2010/2011, and in retrospect, if I never came across perma-bear idiots like ZeroHedge or PIMCO's Mohamed El Erian, I'd would be hundreds of thousands of dollars richer as a more active participant of the greatest bull market run in history.

Just because we are in a bear market environment over a decade later, that doesn't negate that their terrible calls have been absolute shyt and that anyone who took them seriously over the last decade likely doesn't have the capital to participate in the down move we are currently having.

maybe a course or two would have helped.

"the markets can remain irrational longer than you can remain solvent"
 

BlaxOps

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